Gilat Bags Multi-Million Dollar Satellite Communication Equipment Contract For Asian Defense Forces

Satellite networking technology company Gilat Satellite Networks Ltd GILT won a multi-million-dollar contract to provide satellite communication (SATCOM) equipment to an extensive system integrator for its customer in Asia.
Gilat's multi-application platform, SkyEdge II-c, Capricorn VSATs, and TotalNMS will serve the needs of the defense forces to provide tactical SATCOM solutions for mobile platforms and enable efficient communication channels.
Multiple hubs and hundreds of VSATs will be deployed in redundant configurations to meet the critical security needs, quality, and critical regulatory requirements.
Price action: GILT shares traded higher by 1.36% at $10.45 in the market session on the last check Wednesday.

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